IMO Eddie needs to first explain how exactly he came to own/ control this stolen/ "hijacked" ticker. How exactly did that happen? The hijackers went to prison. Eddie had a duty to investigate whether the people offering him a ticker had legal ownership of it. Receipt of stolen goods is still a crime.
22. Utilicraft Aerospace Industries, Inc. (“UITA”) was incorporated in Nevada in December 2004, with its principal place of business in Lawrenceville, Georgia. As of March 2018, the State of Nevada listed UITA as inactive. UITA claims to be in the business of developing aerospace products. UITA’s common stock is quoted and traded on OTC LINK.
The UITA Hijacking 78. As of March 2018, UITA was a defunct State of Nevada company. 79. In March 2018, Miller, Jaberian, and Rajkaran purchased UITA stock. From March 8, 2018 through March 14, 2018, Miller purchased 2.55 million shares of UITA at prices ranging from $0.0003 to $0.0069. From March 9, 2018 through March 21, 2018, Jaberian purchased over 5 million shares of UITA at prices ranging from $0.0010 to $0.0076. From March 15, 2018 to March 19, 2018, Rajkaran purchased over 250,000 shares of UITA at $0.0070 per share. 80. On March 13, 2018, Miller filed a certificate of reinstatement for UITA in the Secretary of State of Nevada and paid UITA’s outstanding fees. He also submitted additional paperwork falsely identifying his brother as UITA’s President and Director (“UITA Nominee 1”), another brother as UITA’s Treasurer (“UITA Nominee 2”), and himself as UITA’s Secretary. 81. After hijacking UITA, Miller caused UITA to make false and misleading statements in public SEC and State of Nevada filings and other communications to investors about its supposed change in leadership and alleged business plans. 82. On or about March 15, 2018, Miller created a “Resignation and Appointment” document that Miller forged with the purported signature of UITA’s then- CEO, and that falsely stated the company was accepting the CEO’s resignation, the resignation of all other corporate officers, and was appointing UITA Nominee 1 and UITA Nominee 2 as officers of UITA. 83. That same day, Rajkaran began promoting UITA stock through a series of posts on iHUB. 84. On or about March 16, 2018, through the Agent, Miller submitted to the SEC through EDGAR an Update Passphrase Confirmation form, falsely identifying UITA Nominee 1 as CEO of UITA. Miller attached the fake “Resignation and Appointment” document to this submission. The SEC processed this submission on March 20, 2018. 85. On March 21, 2018, through the Agent, Miller filed with the SEC through EDGAR a UITA Form 8-K that he drafted, falsely stating that, effective March 15, 2018, the Board of Directors had accepted the CEO’s resignation and appointed UITA Nominee 1 as the new President, CEO, and Chairman of the Board and UITA Nominee 2 as the Treasurer and a Board member, and Miller as UITA Interim Secretary and Advisor. 86. On March 22, 2018, Miller issued a UITA press release, falsely announcing the change in UITA ownership and the company’s alleged plans to enter into a new market sector. 87. Miller knew, or was reckless in not knowing, that the State of Nevada and EDGAR submissions, UITA Form 8-K that he had drafted, and the press release were materially false and misleading. 88. Before March 13, 2018 through March 21, 2018, Miller knew, or was reckless in not knowing, that the true UITA CEO had not resigned, and neither UITA Nominee 1, UITA Nominee 2, nor Miller had officer or director positions at UITA. Further, before March 22, 2018, Miller also knew, or was reckless in not knowing, that the UITA ownership information was false and UITA had no plans to enter into a new market sector. 89. In March and April 2018, Miller, Jaberian, and Rajkaran sold their UITA stock. On March 22 and 23, 2018, Miller sold his UITA position at prices ranging from $0.0032 to $0.0053, which resulted in a net profit. On March 21 and 22, 2018, Jaberian sold his UITA position at prices ranging from $0.0050 to $0.0095, which resulted in a net profit. Between March 21 and April 3, 2018, Rajkaran sold his UITA position at prices ranging from $0.0050 to $0.0095, which resulted in a net profit.
IMO the ill-gotten gains of the conspirators was relatively small by comparison. So it's telling that the SEC chose to make such a public example of these scammers.
PDGood insists that the Kilchesly brothers were, in fact, Mark Miller. However, the SEC apparently disagrees as (a) neither is identified by name but rather as "Nominee 1 & 2" and (b) neither has ever apparently been charged with a crime and likely cooperated with prosecutors in the investigation. Therefore it seems Miller engaged in identity theft to advance his crimes. IMO Eddie should be called to testify whether he actually met, communicated and negotiated with "Nominee 1 & 2" in his acquisition of UITA. If he transferred any payment or other consideration (i.e. stocks, notes etc) who received them?
Bearish
Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
